SOUTHSIDE COMMUNITY HOSPITAL INC

EIN: 540555201 501(c)(3) Health Care

FARMVILLE, VA

Total Revenue
$118,982,283
Total Expenses
$105,662,924
Total Assets
$90,579,716
Net Assets
$85,448,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
VA
Principal Officer
THOMAS L ANGELO
Phone
4343152776
Tax Period
2023-01-01 to 2023-12-31

SOUTHSIDE COMMUNITY HOSPITAL INC, founded in 1926, is a major nonprofit in the Health Care sector that reported $119.0M in total revenue in fiscal year 2023. Expenses of $105.7M left a modest 11% surplus.

Mission

WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE BY PROVIDING HIGH QUALITY HEALTHCARE WITH A PERSONAL TOUCH.

Program Service Accomplishments

Program 1
Expenses: $83,812,952 Revenue: $118,516,898

SOUTHSIDE COMMUNITY HOSPITAL, INC. IS A 501 (C)(3) HOSPITAL COMMITTED TO OFFERING AFFORDABLE HEALTHCARE TO THE RESIDENTS OF SOUTHSIDE VIRGINIA. WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE IN...

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SOUTHSIDE COMMUNITY HOSPITAL, INC. IS A 501 (C)(3) HOSPITAL COMMITTED TO OFFERING AFFORDABLE HEALTHCARE TO THE RESIDENTS OF SOUTHSIDE VIRGINIA. WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE BY PROVIDING HIGH QUALITY HEALTHCARE. COMMUNITY BENEFIT HIGHLIGHTS . DURING FY 2023, $5,171,820 IN CHARGES AT AN ESTIMATED COST OF $1,356,765 WAS CONTRIBUTED AS TRADITIONAL CHARITY CARE TO PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY. ELIGIBILITY FOR CHARITY CARE IS BASED ON POVERTY INCOME LEVELS SET BY THE STATE. . CHARGES OF $9,686,434 AT AN ESTIMATED COST OF $2,541,115, WERE CONTRIBUTED AS BAD DEBT TO PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY. . LOSS FROM MEDICARE BASED ON COST TO CHARGE RATIO TOTALED $2,189,716. VOLUNTEER SERVICES CENTRA SOUTHSIDE COMMUNITY HOSPITAL IS HONORED TO HAVE VOLUNTEERS FROM THROUGHOUT OUR SERVICE AREA MAKING A DIFFERENCE TO OUR PATIENTS, VISITORS, AND STAFF. SOME OF OUR VOLUNTEER SERVICES ARE: . AUXILIARY OF SOUTHSIDE COMMUNITY HOSPITAL: FUNDRAISING FOR HOSPITAL PROVIDES SCHOLARSHIPS FOR MEDICAL/NURSING STUDENTS. . CSCH VOLUNTEERS: FRONT DESK, REGISTRATION, EMERGENCY DEPT., TRANSPORT, TELE-MED-SURG, OB, SAME DAY SURGERY, ETC. . HOSPICE VOLUNTEERS: CARE FOR END-OF-LIFE PATIENTS . CARDIO-REHAB VOLUNTEERS: ASSISTANTS IN THE GYM FOR CARDIO PATIENTS . PACE (PROGRAM FOR ALL INCLUSIVE CARE FOR THE ELDERLY) VOLUNTEERS: ASSISTS WITH ACTIVITIES FOR THE ELDERLY . LONGWOOD UNIVERSITY/HAMPDEN-SYDNEY COLLEGE/LOCAL HIGH SCHOOL STUDENT VOLUNTEERS IN 2023, CENTRA FARMVILLE HOSPICE EXPERIENCED A SIGNIFICANT OUTPOURING OF COMMUNITY SUPPORT THROUGH THE FARMVILLE HOSPICE VOLUNTEER PROGRAM. THIS REPORT HIGHLIGHTS THE INVALUABLE CONTRIBUTION MADE BY VOLUNTEERS, HIGHLIGHTING THEIR DEDICATION, COMPASSION, AND SELFLESSNESS IN SERVING PATIENTS AND FAMILIES WITHIN THE HOSPICE PROGRAM. THROUGHOUT THE YEAR, FARMVILLE HOSPICE VOLUNTEERS GENEROUSLY DONATED 2225.92 HOURS OF THEIR TIME TO SUPPORT THE PROGRAM, EXTENDING THEIR COMMITMENT TO VARIOUS ESSENTIAL TASKS, INCLUDING MEDICATION DELIVERY, PATIENT INTERACTION, AND EMOTIONAL SUPPORT THROUGH PHONE CALLS, HOME VISITS, CARD SENDING, AND CRAFTING BLANKETS AND NECK PILLOWS. THE PROGRAM ALSO HONORS HOSPICE VETERANS WITH A SPECIAL PINNING CEREMONY, AND VOLUNTEERS PROVIDE OFFICE SUPPORT TO HOSPICE STAFF. ADDITIONALLY, VOLUNTEERS COLLECTIVELY DONATED 15,784.20 MILES BY DRIVING THEIR OWN CARS TO PROVIDE HOSPICE SERVICES. THE COLLECTIVE EFFORTS OF FARMVILLE HOSPICE VOLUNTEERS IN 2023 RESULTED IN SUBSTANTIAL COST SAVINGS FOR CENTRA FARMVILLE HOSPICE. BY VOLUNTEERING THEIR TIME AND RESOURCES, THESE INDIVIDUALS CONTRIBUTED TO TOTAL SAVINGS OF $53,550.80 FOR CENTRA HOSPICE. THIS SIGNIFICANT FINANCIAL BENEFIT UNDERSCORES THE INDISPENSABLE ROLE PLAYED BY VOLUNTEERS IN SUPPLEMENTING THE HOSPITAL'S OPERATIONS AND DELIVERING ESSENTIAL SERVICES TO THE COMMUNITY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $164,233
Program Service Revenue $117,356,117
Investment Income $0
Other Revenue $1,461,933
TOTAL REVENUE $118,982,283

Expense Breakdown

Grants Paid $42,618
Salaries & Benefits $37,260,345
Fundraising Expenses $0
Program Expenses $83,812,952
Other Expenses $68,359,961
TOTAL EXPENSES $105,662,924

Year-over-Year Comparison

2023 2022 Change
Revenue $118,982,283 $115,719,514 +0.0%
Expenses $105,662,924 $105,193,220 +0.0%
Net Income $13,319,359 $10,526,294 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
13
Employees
705
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$675,013
Total Directors
16
$3,389,217
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY CARRIER PRESIDENT/CEO 2.0
Director
$0 $275,838 $1,559,458
BIKRAM S BAL MD DIRECTOR 2.0
Director
$0 $20,230 $1,004,655
SUNIL RAJAN MD DIRECTOR 2.0
Director
$0 $44,907 $825,104
THOMAS ANGELO VP & SCH CEO 50.0
Officer
$375,173 $63,915 $439,088
CLAUDIA MEINHARD CHIEF NURSING OFFICER 50.0
Officer
$222,964 $12,961 $235,925
ROBERT JEFFERSON PHARMACIST 50.0
Highest
$149,428 $50,777 $200,205
LAURA BAKER PHARMACIST 50.0
Highest
$153,968 $37,066 $191,034
LEE WILLIAMS PHARMACIST 50.0
Highest
$140,728 $48,287 $189,015
GLORIA MOORE RN ACUTE CARE CNEP 4 50.0
Highest
$159,399 $18,752 $178,151
TIFFANY ROSS PHARMACIST 50.0
Highest
$153,976 $13,552 $167,528
SHARON HARRUP CHAIRMAN 2.0
Officer Director
$0 $0 $0
KEMPNER BEASLEY III VICE CHAIR 2.0
Officer Director
$0 $0 $0
LEE PFEIFFER JR SECRETARY/TREASURER 2.0
Officer Director
$0 $0 $0
RHONDA B ALGEIER MD DIRECTOR 2.0
Director
$0 $0 $0
C SCOTT DAVIS LPD DIRECTOR 2.0
Director
$0 $0 $0
REV DR CALVIN GRAY DIRECTOR 2.0
Director
$0 $0 $0
HAROLD M HARRIS JR DIRECTOR 2.0
Director
$0 $0 $0
WILLIAM MCGUIRE DIRECTOR 2.0
Director
$0 $0 $0
RODNEY NEWTON DIRECTOR 2.0
Director
$0 $0 $0
CAMERON PATTERSON DIRECTOR 2.0
Director
$0 $0 $0
ODESSA PRIDE ED D DIRECTOR 2.0
Director
$0 $0 $0
TIM THARPE DIRECTOR 2.0
Director
$0 $0 $0
GEORGE ZIPPEL DIRECTOR 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $118,982,283 $105,662,924 $90,579,716 $13,319,359
2022 $115,719,514 $105,193,220 $141,312,777 $10,526,294
2021 $111,131,365 $83,906,211 $139,378,592 $27,225,154
2020 $95,963,467 $79,422,876 $131,365,145 $16,540,591
2019 $96,516,218 $80,902,222 $84,765,991 $15,613,996
2018 $92,634,772 $78,853,305 $68,834,782 $13,781,467
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